Fxcm free forex trading demo
#Fxcm free forex trading demo License number
FXCM EU LTD is authorised and regulated by the CySEC under license number 392/20.FXCM South Africa (PTY) Ltd has been regulated by the FSCA in South Africa, FSP No 46534, since 2016.Limited has been regulated by ASIC, license: 309763, since 2007. FXCM LTD has been regulated in the United Kingdom by the FCA, license: 217689, since 2003.See below for a list of FXCM registered companies: FXCM is regulated by numerous top-tier authorities, including the Financial Conduct Authority (FCA) UK, the Australian Securities and Investments Commission (ASIC), the Cyprus Exchange and Securities Commission (CySEC), the Bermuda Monetary Authority, and the Financial Sector Conduct Authority (FSCA) South Africa. It also offers numerous trading tools, including various API tools, TradingView, Zulutrade, and a host of FXCM apps.įXCM is a safe broker for Nigerians to trade with, however, they should be aware of trading with high levels of leverage and low minimum deposits, because this could see their accounts going into a negative balance.įXCM has been a global FX and CFD broker since 1999.
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Clients with a notional trading volume of more than 10 million USD per month are eligible for rebates, dedicated customer support, free VPS services, and free access to multiple APIs.įXCM ‘s range of trading platforms includes MT4, NinjaTrader, various advanced specialty platforms, and FXCM’s award-winning proprietary platform, Trading Station.
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FXCM’s single account has a minimum deposit of 50 USD and average spreads of 0.20 pips (EUR/USD), which is wider than other brokers.
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FXCM may appeal to high-volume traders who appreciate a wide platform choice and an extensive suite of advanced trading tools. However, its fixed leverage, high trading costs, high currency conversion fees, and high interest rates on accounts that go into a negative balance may deter some traders.Ī well-regulated broker, FXCM offers an average number of financial instruments compared to other brokers, including Forex, commodities, indices, share CFDs, and cryptocurrencies.